IPG Photonics Corporation (NASDAQ: IPGP) has announced a ruling in a patent infringement case brought by Trumpf SE & Co. KG ("Trumpf"). The local division of the Unified Patent Court (UPC) in Mannheim, Germany ruled that certain designs of IPG's adjustable mode beam (AMB) lasers used in welding and cutting applications infringed European Patent 2,951,625. This decision impacts certain AMB laser products sold in seven UPC contracting member states, including Germany, France, and Italy, affecting less than 1% of IPG's total sales.
IPG plans to file an appeal with the UPC Court of Appeal, as it respectfully disagrees with the decision. The company is implementing contingency measures to support AMB customers, while emphasizing that its other lasers were not involved in the lawsuit, and its product portfolio remains broadly available.
As a result of this ruling, remedies available to the patent owner, including an injunction, recall, and damages, will be determined at a subsequent time after the required conditions have been satisfied.
IPG Photonics Corporation, the leader in high-power fiber lasers and amplifiers used primarily in materials processing and other diverse applications, reiterated its mission to develop innovative laser solutions, aiming to deliver superior performance, reliability, and usability at a lower total cost of ownership compared with other types of lasers and non-laser tools. The company is headquartered in Marlborough, Massachusetts and has more than 30 facilities worldwide. Today the company's shares have moved 2.15% to a price of $81.75. For the full picture, make sure to review IPG PHOTONICS CORP's 8-K report.
